Monday, October 31, 2011

Monthly Review - October 2011

Last month I reported that September had been the single worst month for my investment (in dollar terms) ever and that retirement plans were on hold. October was, in many respects, a mirror image of September with very strong gains across the board. Although I did not drain my cash reserves, I did make some additional investments near the bottom of the market and, importantly, didn't do any panic selling.

Mark to market appreciation in asset values, particularly equities, added to the gains from rental income and were compounded by favourable FX movements. A healthy savings rate also contributed to a very good monthly result.